moomoo: commission-free US stocks & options? My 2026 review

In Canada, moomoo is offered by Moomoo Financial Canada Inc., a member of CIRO, the Canadian Investment Regulatory Organization. Client accounts are eligible for CIPF coverage within limits, the protection that applies if a member firm becomes insolvent. Two-factor authentication switches on across any account in a few seconds. Being a CIRO member matters: it means moomoo operates inside Canada's investment regulatory framework rather than serving Canadian clients cross-border. That said, the broker does not give tax advice and does not file on your behalf. Gains realised outside a registered account are generally taxable, and you must declare them to the CRA yourself. This is not tax advice.

The headline is simple and it holds up. US stocks, ETFs and ADRs trade at $0 commission, with only the standard regulatory pass-through fees that every US broker charges. There is no account minimum and no inactivity fee, so a buy-and-hold portfolio costs essentially nothing to run.

Options come in at $0.65 per contract, in line with the mainstream US brokers, plus the usual exchange and regulatory fees. Active traders get margin rates from 6.8% on US and Hong Kong shares, well below the typical US broker, and 8.8% on Chinese A-shares. The main line to plan for is funding, ACH transfers are free while bank wires carry $20 domestic or $25 international. Everything is laid out before you trade, which is exactly how cost should work.

moomoo is built around the US market, and it covers it thoroughly. You get thousands of US stocks and ETFs, ADRs for international exposure, a full options chain and futures, with fractional shares so a high-priced name fits any budget. In several markets the app also opens up Hong Kong and Chinese A-shares.

Where it pulls ahead is the research layer wrapped around those instruments. Free Level 2 depth, heatmaps, institutional-holding data, an economic calendar and stock screeners are all built in, not sold as add-ons. It is a trading and research workspace first, so an investor who only wants a simple savings app may find it richer than they need, while an active US-market trader will feel right at home.

moomoo does one thing extremely well: it gives a retail trader professional tools at a price that is hard to argue with. Zero commission on US stocks and ETFs, options at $0.65 a contract, free Level 2 data and a genuinely powerful app, all under SEC and FINRA oversight with SIPC protection and a Nasdaq-listed parent behind it.

What stays with me is how little you give up for the price. The charting, screeners and paper trading would cost real money elsewhere, and here they come standard. For anyone whose portfolio lives in US names and who wants the cheapest serious way to trade them, moomoo earns its place near the top of the list.